TechNavio today launched its report Renewable Energy Market in the APAC Region 2011-2014 based on an in-depth study. The report aims to aid decision makers™ understanding of the current and future landscape of this regional market.
Commenting on the report, an analyst from TechNavio™s Clean Tech team said, The integration of renewable energy into the APAC region™s power grid will help this region meet increasing power demand by reducing wastage of power generated. In order to achieve this state of efficiency, the governments in many countries of the APAC region have decided to rely on renewable sources of energy, which will help reduce power loss during power generation. For instance, the State Grid Corporation of China (SGCC) has started efforts to complete the smart grid construction by 2015, which will enable the integration of power generated from wind and solar energy.
According to the report, the APAC region, which accounts for about 22 percent of the Global market, is expected to increase its share by 2015. Specifically, countries such as Japan and Korea have invested significant amounts in fuel cell R&D. Japan has its focus mainly on R&D for the phosphoric acid fuel cell, the molten carbonate fuel cell, and fuel cell vehicles.
The report also discusses key challenges impacting this market including the dominant usage of coal power generation in the APAC region.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to a SWOT analysis of the key players.
TechNavio, the market research platform of Infiniti Research Ltd, publishes periodic reports on niche and emerging technologies. For further information, please visit https://www.technavio.com/content/renewable-energy-market-apac-2011%E2%80%932014
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TechNavio Announces the Publication of its Report “ Renewable Energy Market in the APAC Region 2011-2014
